Bitcoin Hedge Appeal Increases for Investors Hit by British Pound Fiasco as Trading Volumes Skyrocket

A section of investors rapidly moved away from the British pound and towards Bitcoin following the announcement of former Prime Minister Liz Truss' mini-budget on September 23. In bitcoin's infancy, a key selling point was its potential protection against currency depreciation and inflation. Over time, cryptocurrencies began to trade more in lockstep with traditiona...